Pass-Through in Retail and Wholesale

I would like to thank David Bell, Charles Engel, Tim Erickson, Penny Goldberg, John Greenlees, Rebecca Hellerstein, Daniel Hosken, Ephraim Leibtag, Rob McClelland, Alice Nakamura, Aviv Nevo, Ariel Pakes, Jon Steinsson and seminar participants at several venues for useful conversations related to this project. I would like to thank the U.S. Department of Agriculture, Economic Research Service (USDA ERS) for financial support for this project. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.